Imperial Oil is closing its refinery in Eastrern Passage and converting it into a marine terminal. The company said it could not find a buyer for its facility to continue operating as a refinery.
Wind Mobile's foreign owner is withdrawing its application to gain full control of the wireless startup from its Canadian founder.
NEW YORK--Stocks edged lower in early trading, as investors looked ahead to the afternoon's Federal Reserve policy announcement.
Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John's, raising hopes for an as-yet-untapped part of the Newfoundland offshore.
MONTREAL - Consumer use of technology is transforming media and entertainment companies with almost 60 per cent of their revenues expected to come from digital sources by 2015, a new global survey says.